Don't Ignore The Fact That This Insider Just Sold Some Shares In Surana Solar Limited (NSE:SURANASOL)

We note that a Surana Solar Limited (NSE:SURANASOL) insider, Shresha Surana, recently sold ₹1.3m worth of stock for ₹9.24 per share. It wasn't a huge sale, but it did reduce their holding by 29%. This does not instill confidence.

View our latest analysis for Surana Solar

The Last 12 Months Of Insider Transactions At Surana Solar

In fact, the recent sale by Shresha Surana was the biggest sale of Surana Solar shares made by an insider individual in the last twelve months, according to our records. That means that an insider was selling shares at around the current price of ₹7.80. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. In this case, the big sale took place at around the current price, so it's not too bad (but it's still not a positive).

Narender Surana purchased 225.89k shares over the year. The average price per share was ₹6.53. You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).

Does Surana Solar Boast High Insider Ownership?

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 33% of Surana Solar shares, worth about ₹127m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

So What Do The Surana Solar Insider Transactions Indicate?

An insider sold stock recently, but they haven't been buying. In contrast, they appear keener if you look at the last twelve months. We are also comforted by the high levels of insider ownership. So we're not too bothered by recent selling. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Surana Solar. Our analysis shows 6 warning signs for Surana Solar (2 are concerning!) and we strongly recommend you look at these before investing.

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

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This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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